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Yoshiharu Global Co. (NASDAQ:YOSH), a company in the retail eating places industry generating $13.54 million in annual revenue, has announced the temporary closure of all its restaurant locations starting Friday, June 13, 2025. According to InvestingPro data, the company’s stock has shown remarkable momentum with a 314% year-to-date return, despite underlying operational challenges. The closures are expected to last for approximately three days, as the new management team undertakes a comprehensive review of store operations, conducts an internal audit, and implements updates to the company’s accounting systems.
The decision for the temporary shutdown was disclosed in a recent 8-K filing with the Securities and Exchange Commission. According to the filing, Yoshiharu Global aims to resume normal operations after the short hiatus. The company, headquartered in Brea, California, is currently listed on the Nasdaq Capital Market under the ticker symbol YOSH. Financial metrics from InvestingPro indicate the company faces liquidity challenges with a current ratio of 0.65, suggesting short-term obligations exceed liquid assets.
In the filing, Yoshiharu Global did not elaborate on the specific reasons behind the operational review or the internal audit. However, such actions are not uncommon when new management takes over a company and seeks to establish a thorough understanding of the business’s current status.
Investors and customers of Yoshiharu Global Co. are advised to anticipate the temporary disruption in service. The company has ensured that normal business activities will recommence promptly following the brief closure period. This move is part of the broader efforts by the new leadership to ensure the effective management and operation of the company’s establishments.
The information regarding these events is based on the most recent 8-K filing by Yoshiharu Global Co. to the SEC. For deeper insights into YOSH’s financial health and additional analysis, including 8 more exclusive ProTips, visit InvestingPro.
In other recent news, Yoshiharu Global Co. has announced several significant developments. The company has filed a Certificate of Amendment to its charter, increasing its authorized shares of capital stock from 50 million to 100 million. This adjustment, effective June 6, 2025, follows approval from stockholders and reflects changes to the company’s corporate governance and capital structure. Additionally, Yoshiharu Global Co. has made strategic moves into the U.S. real estate market by partnering with Good Mood Studio and Wealthrail, aiming to develop real estate projects and explore digital asset ventures. The company plans to invest $2 million for a 10% stake in Wealthrail, a real estate tokenization platform.
Furthermore, Yoshiharu Global Co. has undergone changes in its Board of Directors. Sungjoon Chae has stepped down, with Seongjin Kim and Ji-Won Kim nominated for director roles. Ji-Won Kim is also set to serve as Co-Chief Executive Officer. The company has also nominated Abe Lim and Jae-Hyo Seo as independent directors, emphasizing efforts to strengthen governance and strategic direction. These board changes are part of Yoshiharu Global Co.’s ongoing initiatives to enhance leadership and comply with Nasdaq Listing Rule 5550(b)(1).
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